AGP Executive Report
Last update: 5 hours agoRates & Markets: September unemployment climbed to 4.7%, a five-year high, cooling expectations of another near-term rate rise and helping Australian shares recover. The Australian dollar weakened, while RBA Governor Michele Bullock warned that aggressive hikes may still be needed if inflation persists. Savings: With rates up, the best savings accounts offer as much as 5.65%, but some top rates come with conditions savers can easily miss. Private Credit: 360 Capital bought a $31.2 million senior loan tied to Bathla’s Marsden Park project from La Trobe Financial, which recovered its outstanding principal, interest and fees—another sign of lenders managing exposure to the collapsed developer. Crypto Rules: ASIC is seeking a A$14 million capital threshold for crypto platforms and flagged unresolved risks around offshore private-key custody; Australia is also moving toward global crypto tax-data sharing by 2028. Banking Oversight: APRA and New Zealand’s RBNZ completed a joint bank stress test to strengthen trans-Tasman resilience.
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